Bank of New York Mellon Corp Has $385.88 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Bank of New York Mellon Corp trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,754,225 shares of the credit services provider’s stock after selling 160,196 shares during the quarter. Bank of New York Mellon Corp’s holdings in PayPal were worth $385,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter valued at $248,000. Sivia Capital Partners LLC boosted its position in PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares during the period. Sound Income Strategies LLC increased its holdings in shares of PayPal by 48.9% in the second quarter. Sound Income Strategies LLC now owns 1,017 shares of the credit services provider’s stock valued at $76,000 after purchasing an additional 334 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of PayPal by 2.3% in the second quarter. HB Wealth Management LLC now owns 22,308 shares of the credit services provider’s stock valued at $1,658,000 after purchasing an additional 500 shares during the period. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Aaron Webster sold 9,282 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.29, for a total transaction of $615,303.78. Following the sale, the executive vice president directly owned 35,699 shares in the company, valued at $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 25,944 shares of company stock worth $1,725,233. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of PayPal from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a report on Wednesday, December 17th. Mizuho decreased their target price on PayPal from $84.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Jefferies Financial Group reissued a “hold” rating on shares of PayPal in a report on Wednesday, January 7th. Finally, Monness Crespi & Hardt downgraded PayPal from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Twelve investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus price target of $73.10.

View Our Latest Stock Report on PYPL

PayPal Trading Down 1.8%

Shares of PYPL stock opened at $53.11 on Friday. The stock has a market cap of $49.69 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. PayPal Holdings, Inc. has a 1 year low of $52.53 and a 1 year high of $90.93. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $59.19 and a 200 day simple moving average of $65.65.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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